"The Role of Reserves in the International Monetary System,"
Problems of International Money, M. Posner (ed.)
International Monetary Fund and Overseas Development
Institute, 1986.

"An Analysis of the Management of the Currency Composition of
Reserve Assets and External Liabilities of Developing
Countries," in The Reconstruction of International Monetary
Arrangements, Robert Z. Aliber (ed.), MacMillan, 1987.

"A Payments Mechanism for the Independent States of the Former Soviet Union," in Capital Controls in Emerging Markets Christine Ries and Richard J. Sweeney (eds) Westview Press Boulder Colorado 1997.

Short Papers and Comments

"External Shocks and Domestic Financial Stability:
Discussion," The Search for Financial Stability: The Past
Fifty Years, Federal Reserve Bank of San Francisco, June
1985.

"On the Definition and Magnitude of Recent Capital Flight:
Comment," Capital Flight and Third World Debt, D. Lessard
and J. Williamson (eds.), Institute for International
Economics, 1987.

"Financial Liberalization in Developing Countries: Why
Financial Markets in Developing Countries are Inefficient
and How They can be Improved," Finance and Development,
September 1987. (Jointly with Donald Mathieson)

"The Government Budget and the Economic Transformation of Poland: Comment" in The Transition in Eastern Europe,
Oliver Blanchard, Kenneth Froot and Jeffrey Sachs, eds.,
University of Chicago Press, 1994, pp. 133-134.

"Comment on 'The Opening Up to Equity Investment by Developing
Countries' by Stijn Claessens and Moon-Whoan Rhee," in
Internationalization of Equity Markets, Jeffrey Frankel,
ed., University of Chicago Press, 1994, pp. 271-272.

Comments on "Emerging Markets after the Mexican Crisis" by Alfred Steinherr, in Private Capital Flows to Emerging Markets After the Mexican Crisis, Morris Goldstein (ed) 1996
Institute for International Economics.